Field & Main Bank Takes $6.29 Million Position in The Home Depot, Inc. $HD

Key Points

• Field & Main Bank acquired a new $6.29 million Home Depot position in the second quarter, purchasing 17,823 shares. The stock now represents about 1% of the bank’s portfolio, while institutional investors collectively own 70.86% of HD.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, exceeding analyst expectations; revenue increased 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.
• Shares opened at $318.63, down 0.4%, and the company announced a quarterly dividend of $2.33 per share, equivalent to a 2.9% annual yield. Meanwhile, insiders sold 9,154 shares worth approximately $3.13 million over the past 90 days.

Field & Main Bank acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,823 shares of the home improvement retailer's stock, valued at approximately $6,286,000. Home Depot accounts for about 1.0% of Field & Main Bank's portfolio, making the stock its 27th largest holding.

Other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $26,000. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $25,000. Cache Advisors LLC bought a new position in shares of Home Depot during the 1st quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot in the 3rd quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Guggenheim reiterated a "buy" rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Evercore lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. UBS Group cut their price target on shares of Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Mizuho lifted their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird cut their price objective on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Home Depot Stock Down 0.4%

NYSE HD opened at $318.63 on Thursday. The stock has a market capitalization of $317.89 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a fifty day moving average of $340.43 and a 200-day moving average of $337.03.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the business earned $4.68 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot's payout ratio is presently 65.22%.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Insider Activity

In other news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 in the last 90 days. 0.08% of the stock is owned by company insiders.

About Home Depot

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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